Technical patterns

Chart patterns can provide some useful insights on the action of the market.

The chart of the S&P 500 is showing that the 1120 level is a formidable resistance level (click on the chart to enlarge it).

The decisive break above 1120 may suggest stocks are headed much higher. Let's hope so.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest

To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can subscribe to The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific investment portfolio.

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